Donnelley Financial Solutions (NYSE:DFIN) Insider Craig Clay Sells 54,018 Shares of Stock

Key Points

• Insider Craig Clay sold 54,018 Donnelley Financial Solutions shares for about $3.65 million, reducing his position by 35.05% to 100,078 shares. He also sold another 36,028 shares in a separate transaction.
• The company beat quarterly expectations, reporting EPS of $1.07 versus the $0.84 consensus and revenue of $185 million versus estimates of $179.9 million; revenue rose 5.5% year over year.
• Analysts’ average rating is Moderate Buy, with a $74 average price target. Recent target increases included Needham’s move to $72 and DA Davidson’s move to $76.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) insider Craig Clay sold 54,018 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $67.58, for a total transaction of $3,650,536.44. Following the completion of the sale, the insider directly owned 100,078 shares in the company, valued at approximately $6,763,271.24. This represents a 35.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Craig Clay also recently made the following trade(s):

• On Tuesday, November 3rd, Craig Clay sold 36,028 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $67.62, for a total value of $2,436,213.36.

Donnelley Financial Solutions Trading Up 2.4%

NYSE:DFIN traded up $1.65 during trading hours on Wednesday, hitting $69.79. 418,732 shares of the company were exchanged, compared to its average volume of 280,047. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.42 and a beta of 0.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $72.04. The company has a fifty day simple moving average of $50.82 and a 200 day simple moving average of $47.50.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.23. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. Sell-side analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC upped their target price on Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a "buy" rating in a report on Friday, October 30th. DA Davidson raised their price target on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the stock a "buy" rating in a report on Monday. Zacks Research downgraded shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Donnelley Financial Solutions in the second quarter valued at $165,182,000. Alberta Investment Management Corp bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth about $44,157,000. Rice Hall James & Associates LLC boosted its position in shares of Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock worth $36,771,000 after purchasing an additional 14,098 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth about $26,510,000. Finally, Algert Global LLC grew its stake in shares of Donnelley Financial Solutions by 90.9% in the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company's stock valued at $22,233,000 after buying an additional 252,383 shares during the period. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc NYSE: DFIN provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company's offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.

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